Rivian CEO RJ Scaringe told BI that the company tore down China's highly popular Xiaomi SU7 and found that it was a "really well executed car."

Rivian Automotive Inc. is cutting more than 600 jobs, or about 4.5% of its workforce, as the company contends with an unsteady market for electric vehicles in the US.

Electric vehicle maker Rivian is reportedly cutting about 4% of its workforce as the auto industry faces middling demand for EVs.

Rivian Automotive is laying off 4.5% of its workforce, or over 600 employees, an internal email showed on Thursday, as the electric-vehicle maker contends with weakening demand following the expiry of key U.

A report this morning detailed Rivian's plans to lay off a portion of its current workforce as it tries to conserve cash.

Rivian spinoff Also has unveiled a new electric bike called TM-B. The two-wheeler has a virtual drivetrain and a range of up to 100 miles.

Electric vehicle maker Rivian plans major layoffs amid growing market pressure.As per multiple reports, the company is reportedly planning to cut more than 600 jobs which will impact about 4% of Rivian's total workforce.

Rivian is known for designing its electric trucks from scratch. Now a spinout company has done the same thing for an electric bike.

Hundreds of workers are losing their jobs as sales targets slip and executives consolidate control amid tightening economic and policy pressure